MB2 Dental | July 15, 2022
The dental partnership organization, MB2 Dental, has launched its own charitable Foundation – The MB2 Family Foundation, a 501(c)(3) non-profit with a mission to provide financial assistance to its 5,000 plus employees in the event they experience unforeseen, life-altering hardships such as natural disasters, extended illnesses, injuries, and more. Team members may nominate themselves or others for consideration for a monetary donation.
The work of the Foundation will also include providing donations to local charities and organizations at the request of MB2 Dental's doctor partners and employees.
The Foundation thrives through the generosity of its team members. Funding for the Foundation will come from MB2 Dental's doctor partners and team members through optional paycheck deductions and other fundraising events.
"The number one priority of any family is to take care of each other; this is our dental family, With affiliated practices in over 35 states, supporting our doctor partners and their teams in any way possible is a top priority. The individuals who make up our MB2 family have always been ready to jump into action and help one another without hesitation. The Foundation allows us to streamline this."
-Dr. Chris Steven Villanueva CEO and Founder, MB2 Dental.
MB2 Dental's previous charitable initiatives include annual doctor-led mission trips and donating to local organizations such as the North Texas Food Bank, The Genesis Women's Shelter, and Salvation Army. MB2 Dental also annually conducts The Elves Initiative, a cause led by Dr. Villanueva encouraging MB2 Dental home office employees to nominate coworkers, family, friends, and neighbors for financial assistance around the holidays. The success and growth of the Elves Initiative served as inspiration for the MB2 Family Foundation.
About MB2 Dental-
Dallas, Texas-based MB2 Dental is a first-of-its-kind Dental Partnership Organization (DPO) founded and led by dentist and entrepreneur CEO Dr. Chris Steven Villanueva, with a mission to empower dentists to preserve their profession. Since its founding in 2007, MB2 has partnered with hundreds of dentists to help them stay in the driver's seat as they maximize their talents, connect as part of a community and build exceptional wealth. MB2 currently partners with dentists and specialists in more than 35 states.
ezCater | June 24, 2022
ezCater, the most trusted provider of corporate food solutions, announced a new tax-exempt ordering platform for nonprofit organizations. With ezCater, organizations set their tax-exempt status once and it automatically applies to catering orders from over 95,000 restaurants on the ezCater platform, saving them time and money.
Ensuring catering orders are tax-exempt is complicated and time-consuming for nonprofits, requiring each person to file a tax certificate with every restaurant that they order from. This is even more complicated for organizations that order food across multiple states.
We've taken something that should be simple and made it simple. Nonprofits have many important things to worry about, and this solution allows them to put time back into their missions, instead of wasting it on unnecessary paperwork."
Diane Swint, Chief Demand Officer at ezCater
"ezCater makes handling the tax-exemption process for my team an easy feat," said Matthew Boone, Head Coach of Track and Field at Jacksonville State University. "Keeping track of paper receipts and creating multiple expense reports was such a headache. Not only do I have peace of mind that ezCater is storing the information for me, but my team has easy access to high-quality meals on the road."
The Children's Inn at the National Institutes of Health (NIH) is a nonprofit that supports children, teens, and young adults with rare and serious diseases by providing a free 'place like home' for them to stay while participating in clinical research trials. The Inn has selected ezCater to order meals for the families. However, meeting various dietary restrictions and avoiding food waste becomes complicated. With ezCater, meals arrive individually selected, packaged and labeled, and The Inn's tax-exempt status is automatically applied to every order.
"Our job is to serve and provide support to families during some of the most difficult times of their lives," said Emily Johnson, Family Program Operations Manager for The Children's Inn at NIH. "ezCater's ability to automate tasks like ordering each meal and researching restaurants that accept our tax exemption allows my team to focus on what really matters."
With an ezCater Corporate Account, businesses have easy access to all products within ezCater's suite of corporate solutions. This includes features like invoicing, custom checkout and reporting, organization-wide tax-exempt ordering, recurring employee meals, and concierge food ordering.
ezCater is the most trusted provider of corporate food solutions. With a network of 95,000 restaurants across the US, ezCater provides flexible and scalable food solutions for everything from daily employee meals to sales meetings. ezCater is purpose-built for business and supported by best-in-class customer service, enabling companies to centralize and manage their food spend in a single, customizable platform.
FARADAY FUTURE | August 16, 2022
Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) ("FF”, “Faraday Future”, or “the Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced the successful execution of a definitive agreement for a new financing facility. The Company continues to have active discussions with multiple capital providers for potential significant additional near-term funding.
Under the new financing facility, which contemplates total potential funding of as much as $600 million in a convertible secured notes structure, Faraday Future will receive an initial $52 million of committed funds. Funds managed by ATW Partners, a U.S.-based institutional investor, led the transaction. Investors contributing $27 million (plus up to $31 million from additional investors who commit on or prior to August 17, 2022 and fund on or prior to August 19, 2022) will receive a conversion price of $2.2865 per FFIE share, later contributions will receive a conversion price of $2.69 per FFIE share. All investors will receive 33% warrant coverage with an exercise price of $5.00 per FFIE share. The facility is structured to allow for additional investor participation on similar terms. Other terms can be found in our 8-K filing dated August 15, 2022. Citi served as placement agent, and Sidley Austin LLP served as legal advisor to the Company. Blank Rome LLP and Ellenoff Grossman & Schole LLP served as legal advisors to the lead investor in the fundraising.
The Company remains in active discussions with both U.S. institutional investors and international funding sources. These discussions may or may not lead to additional funding commitments beyond what has already been executed. The Company will provide further updates on financing negotiations as appropriate, and upon the conclusion of any additional definitive agreements.
“I am very pleased to have this important new committed capital and framework in place for substantial additional funding. We are working diligently to complete this capital raise process in order to raise sufficient new funds to launch the FF 91. Subject to successful completion of this fundraising process, I am confident that we can deliver cars to our customers in late Q3 or Q4, Our Hanford manufacturing facility, recently renamed the “FF ieFactory California” is nearing completion. We have all the equipment on site needed to begin production and are in the final stages of installation. The FF ieFactory California has already produced over a dozen production-intent vehicles. Testing and validation of the FF 91 is well underway, and I am very pleased with the results we are seeing. The FF 91 will be the world’s first ultra-luxury EV and will reset customer expectations for what the future of intelligent mobility can be.”
-Dr. Carsten Breitfeld, Global CEO of Faraday Future.
ABOUT FARADAY FUTURE:
Faraday Future is a class-defining luxury electric vehicle company. The Company has pioneered numerous innovations relating to its products, technology, business model, and user ecosystem since its inception in 2014. Faraday Future aims to perpetually improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the Internet, and new usership models. Faraday Future’s first flagship product is the FF 91 Futurist.
Baby2Baby | May 31, 2022
Baby2Baby, the national organization that has been at the forefront of providing relief to vulnerable families dealing with the U.S.’ baby formula shortage, announced it will distribute 12,000 cans of formula to the greater Pittsburgh region by the end of this week. Distribution to hospitals, diaper banks, childcare centers and family resource centers across the area began yesterday, and was made possible through a donation from local Pittsburgh resident Thomas Tull and his wife Alba through their philanthropic organization, the Tull Family Foundation.
The formula shortage is still an absolute emergency for the families we serve. Our mission at Baby2Baby is to provide families with diapers, formula and other essentials that every child deserves, and that mission has become even more critical during this crisis. It has been horrible for every parent, but even more devastating for families living in poverty who don’t have the luxury of switching to a more expensive brand or access to multiple stores to find anything in stock. We are so grateful to Thomas and Alba Tull, and the Tull Family Foundation, for their extremely generous gift which is enabling us to provide hundreds of thousands of bottles of lifesaving formula to families in need across Pittsburgh."
Norah Weinstein and Kelly Sawyer Patricof,Baby2Baby Co-CEOs
“Like many other essential items, the baby formula shortage in this country has become a major crisis since the onset of COVID. It is unimaginable what parents, especially those living below the poverty line, are having to deal with,” said Cathy Battle, Executive Director of the Western Pennsylvania Diaper Bank. “We are seeing this heart wrenching crisis unfold every day and are incredibly grateful for Baby2Baby’s work and support. This distribution will help provide relief to many babies and families in need in the greater Pittsburgh areas.”
Baby2Baby distributes to foster care agencies, hospitals, clinics, homeless and domestic violence shelters and resource centers. Since the pandemic began, it has delivered more than 300,000 cans. At the start of 2022, even before the recalls, they had requests for over 8.8 million cans. The organization has been using all of the resources at its disposal to support families impacted by the current shortage – including working directly with their wholesale partners to have formula made for a fraction of the retail cost and distributing donations from formula companies that weren’t impacted by the recalls. They have already sent formula to Pennsylvania, California, Virginia, Florida, Michigan, Alabama and South Dakota, and have more on the way to communities in need across the country.
Baby2Baby, a non-profit organization led by Co-CEOs Kelly Sawyer Patricof and Norah Weinstein that was named #1 nonprofit on Fast Company’s World’s Most Innovative Companies List for 2022, provides children living in poverty with diapers, clothing and all the basic necessities that every child deserves. In the last 11 years, Baby2Baby has distributed more than 240 million items – more than any organization of its kind – to children in homeless shelters, domestic violence programs, foster care, hospitals and underserved schools as well as to children who have lost everything in the wake of disaster. Since the COVID-19 crisis began, Baby2Baby has distributed more than 150 million items to families in need, serving over one million children across the country impacted by the pandemic.